Joseph Akunder Trnst Scottisb Cbarity Number SC014277 Aeeouttts for tht yar ended 30 Seplember 2024
Jojeph Alexander Trnst Trustea. Annual Report amd AeeouDts for Ike yur ended 30 September 2024 The Truslees preseni theiT Tnw. report u)gether with the accounts fly the year ended 30 September 2024 Charlty Number: SC0142T7 Registered Address Top Croft Arniefoul Glamis By Forfar DD8 IUD Trustees Strudurfy Governance Dd MaMa8¢ment Govtrning docMmen( The Trnst was set up by Josqth Alexander by Dd of T dated 30 August 1945. Memorandum of Instructionsto his Trusttts and separdte holograph writing both dated 12 July 1948. Codicil dated 21 November 1950 and Cy-Pres Scheme dated 21 March 1987. Appolnlnwnl oflrx5tee5 Trnstees are nominated by the ¢xisting Tn and their ap]nIma1t confrrned by a fomial Deed of Assumption. The Trustees will deal awroprily as reg4rd4 induction and tiainin8 of any new Trustees bein¥ appx)inted. This will includc awatcncss of a Ttust¢¢'s r¢sp(sibIlities. the govcming dixumenL administrdtive pr(wlures and the history and philosophical approach of the charity. A new Trustee will receive copies of the previous year's a¢count% minules of recent Trustee meetings and b¢ rnade aware of the guidance available on OSCR'S website. as appropriate. Objeeilves Actfvldes ChartlablepMryKes The Trusi charithble purposC5 . (a) the provision of grants to wist any musical sociay or ass1*10 funclioning in Kirriemuir. (b) the provision of bursaries for the study of art or drdma and PTizes for gener81 merit to be awarded to pupils in schools situated in Kirriemuir:
Joseph Alexander Tnt Trustees. Amnmal Rep)rt aid A¢counts for the year ended 30 September 2024 (c) the Provision of grants (T loans lo a55isI voluntary bodie5 or a550ciation5 for the promotion of inieresi in liieTatuTe. art or Te¢reation in Kirriemuir. The TnL5t SuPrts suitable charitable organisations and causes particularly the arts, in KirriemuiT and DistriGt. Amiual payments are norniaily m&le to Southmuir Primary School. No]thmuir Primary Schth)l and Webster's High S¢lK)ol. In addilion applications are sought and ¢onsideTed on a bi-annual b&sis. The Trnstees coniinue to make awards io those cA>nsidered suitable, having regard to the overall obieciives of the Trust. During the year £5,900 (2023 £7,696) in total paid out to successful applicants. R¢gerve8 The serveS of the Trust originate from initial bwue5L together with movement in the value of investrnents and xcumulated income. The Trustee5 have adopted a reserves p)licy that should ensure the continuing abilit). of the Trust to rneet its objectives. The level of unrestrictd reserves held at 30 September 2024 was £223,4Q8 (2023 £211.553). Future Pl*nJ During recent years, the administration costs of the Trust have increased and the income from investmenrs has remained static. To reduce costs and w safeguard fuNre of the TrusL th¢ administration, which has traditionally been undertaken by Thomtons Law LLP, has been taken in house during this fmanciai year. ApprDI'ed bk ihe trusiees and qi)ned on iheir behalf by Lhairiiian 23 April 2025
Josepb Alexander Trust Receipts ¥nd Pgymtnts A¢¢onDi for the ye•r ended 30 September 2024 Notes 2024 2023 Receipts Incom¢ from inv¢stm¢nts Proc¢eds from the sal¢ of investments 6.561 120.818 7,121 28.939 Total re¢¢ipts 127.379 36.060 Payments Investment mangement costs Paymenis relating directly to charitable activities Gov¢rnanc¢ Costs Purchase of investments 1.905 5,900 4,820 115.473 1,982 7.696 6,700 16.673 Total paymtnts 128.098 33,051 (Defi¢il)ISurplus for ye*r 719
Joseph A1*54Dder Tru Ststement ofB4lanee8 as ** JO Sep¢¢mber 2024 2024 2023 Bank and Ca•h Opening balances Funds held bj Thomtons Investrnent MaoagemeDt Limited Thornlon5 Law LLP cli¢nt aw)unt Thorntons Law LLP cash managcmcnt aount (D¢fi¢itySurplu3 for y¢ar 8.602 1,140 2.282 719) 1.305 9.015 3.009 12,024 Closillg balances Funds held b) Thomtons Investment Management Limited Thornton5 Law LLP cli¢nt account Thornton5 Law LLP cash mavas¢Tht a¢cowrt 1.305 8,602 1,140 1282 11024 11,305 11,305 11024 Market Valut orveS1Cts 21? 103 199,529 Approved ty the Trusle¢s and $id ott their behalf ty 23 April 2025
Joseph Altnder Trn$t Noteg to the A¢¢ounts for the year eDded 30 September 2024 l B2yiJ of ae¢ountiDg These accounts have been prepared on the Receipts and Payments basis in a¢cordance with the Charities and Trnst¢¢ Investment {Scotiand) Act 2005 and the Charities Accounts (Scotland) Regulation5 2006 {as amended). 2 Trustees remuneration 2nd expenses No remuneration w&s paid to any charity trustee or per$C connected to a trust¢¢ during the 3 Income from invulm¢Ats 30.9.2024 30.92023 Divid¢nds received on investments Int¢r¢st received on investments Other interest re¢¢vied 6.144 398 19 6,561 7,114 7,121 4 1Dveslment m8n4ebnenl 30.92024 30.9.2023 Investment mana8¢m¢nt fees Custody charges Foreign exchange charges 1.269 635 1.982 1.905 1.982 5 Payments relating diretlfy to ¢haritable a¢tivitieJ 30.9.2024 30.9.2023 Grants: Northmuir Primary School Southmuir Primary School Webstees High School Edinburgh Angus Club KAOS Ktnnordy Musi¢ F¢stival Kirriemuir Day Care Radio North Angus 400 400 400 900 1,400 200 2,000 1.000 1,000 796 7,696 200 5.900
Joseph Aleundtr Trnst Notes to the Aeeollnts for the year ended 30 September 2024 6 GovernAD¢e a)sts 30.9.2024 30.92023 Thorntons Law LLP administration fees Ind¢p¢nd¢nt examin¢rs fees 4,820 6.600 100 6.700 4,820
Independent Examlner's Report to the Trnstets of Joseph Alexander Tn¢ I report on the acc<)unts of the charity for the period ended 30 September 2024 Mthich are set out on pages I Respective resEKtyDsibilities of trustees and examiner The charity's trustees are responsible for the pparatIOn of the accounts in accordance with the tenns of the Charities and Trustees Investment (Scotland) Act 2005 and the CharitTes Accounts (Scotland) Regulations 2006 {as arnended). Thc charity tNstees consider that the audit rUireMent of Regulation 10(l) (d) of the Accounts Regulations does noi apply. I( is my responsibility lo examine the accounts a5 required under seclion 44(1) (c) of Act and to state whether particular matters have come to my attention. Basis of independent eminer'S srtatennt My examination is carried out in OrdanCe with Regulation I l of the Charities Accounts (Scotland) Regulations 20[ (as amended). An examination includes a review of the accounting records kept bv the charity and a comparison of the accounts presented with those records. It s0 in¢lud¢s ¢onsideration of any unusual items or disclosures in the accounts. and seeks explanations from the trustees conceming any yjch mattels. The procedures undcrtaken do not provid¢ all evidence that would be required in an audiL and consequently I do noi expTess an audit opinion on the view given by the accounts. Independent examiner's $ttement In the course of m) examination, no matter has come to my attention: which gives me reasonable cause to believe thai in any material re5r1 the requirements: to keep accounting records in accordance with Sertion 44(1) (al of the 2(M)5 Act and Regulalion 4 of ihe 2(M)6 AccnunLs Regulions, and to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations. have not b¢¢n m¢L or 2. lo which: in my opinion, atniion should be drawn in orikr to enabk a t0[ undcrstanding of the accounts to be rexhed. Chartered Accouniants & Chartered T&K Advisers 7 St Malcolm's W)nd Kilemujr An8US DD8 411B 25 April 2025